Business

Bank of Israel keeps key interest rate at 4.5%

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Tel Aviv – Ma’an – The Bank of Israel kept interest rates unchanged on Monday for the fourth consecutive meeting, maintaining its cautious policy due to the nine-month war that Israel has been waging on the Gaza Strip, as well as stable inflation.

The bank kept its benchmark interest rate at 4.50%.

The bank had cut interest rates by 25 basis points in January after inflation fell and economic growth was hit by the war on Gaza, but kept policy unchanged in February, April and May.

Source: Maan News Agency

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